Finance Director Arche McAdoo says he will miss his role of advising departments on general operations and financial matters, and the small town vibe of Carrboro – but after 13 years with the Town, and a long career of working with public and nonprofit agencies, he is looking forward to retirement.
“In a small town like Carrboro, you do not have the staff and resources of larger jurisdictions, but you have many of the same organizational challenges,” McAdoo said. “This requires leaders to roll up their sleeves and get involved with all aspects of day-to-day management. To be effective, no task is too small or too large for your involvement.”
A native of Orange County, McAdoo graduated from Central High School, the Black high school in Hillsborough under the old dual-school system, which closed in 1968 after full desegregation of County school system. He went on to receive a bachelor’s degree in sociology with a research emphasis from Lewis and Clark College in Portland, Oregon, and a master’s degree in business administration from the Kenan-Flagler Business School at UNC-Chapel Hill.
Prior to Carrboro, he worked for City of Durham as a deputy finance officer. Throughout his career he has held a number of senior level financial management positions, including at the Baltimore City Solicitor’s Office, North Carolina Biotechnology Center at Research Triangle Park, University of Maryland Biotechnology Institute at College Park, and Bowie State University. Additionally, he was part of the initial team that implemented North Carolina’s Community Development Block Grant Program for non-entitlement cities, implemented employment and training programs in Oregon, and was on loan to the U.S. Department of Labor to development national regulations for the reauthorized Comprehensive Employment and Training Act programs.
Recent accomplishments include leading development of the Town’s spending plan for $6.75 million in American Rescue Plan Act funds. He arranged the financing for the $42 million development under construction at 203 S. Greensboro St. that will house a new Orange County library and other civic activities. He also led efforts to automate financial processes for Carrboro to streamline and improve Town operations. Under his leadership, the Town’s Annual Budget Report and Annual Comprehensive Financial Report have been regularly recognized with awards of excellence from the Government Finance Officers Association (GFOA).
Arche, we wish you a wonderful retirement! Congratulations!